Good Insurance

One in five adults in Australia goes without general insurance protection for their household contents, car or home. Many of these people are uninsured, not because they don’t want insurance, but because they can’t afford traditional cover.

For these people, replacing essential items like computers and whitegoods or repairing a car, can cause financial hardship and significantly disrupt their daily lives – often these items are simply too expensive to replace.

Good Shepherd Microfinance’s Good Insurance program works with Australia’s largest insurance companies to create affordable and simple insurance policies for people on low incomes. These products enable people to insure their household belongings or cars, so they’re protected if things go wrong.

If an insurance policy has been developed with Good Insurance, you know it has been designed for the customer, that it has affordable premiums with no or negligible excesses, and that there are flexible payment options available.

Good Insurance co-created Australia’s first two insurance products designed for people on low incomes.

Essentials by AAI, developed with Suncorp, allows customers to comprehensively insure their car, their home contents or both. Customers can also choose to pay premiums annually, or in monthly or fortnightly instalments, and use Centrepay to manage payments.

Essentials by AAI, has won awards for innovation at the Australian Insurance Industry Awards the Canstar Awards, Money Magazine Awards and the AB+F Insurance Awards.

You can find out more about Essentials by AAI through selected community organisations that are part of Good Shepherd Microfinance’s national provider network or by calling 1800 429 598.

Insurance 4 That, developed with Insurance Australia Group (IAG), is a single-item insurance solution. It provides an alternative to traditional contents insurance by enabling people to insure individual items and nominate the insured value of these items. It also gives customers the option to take out additional cover for portable items against theft anywhere in Australia, and comes with flexible payment options.

What the community sector taught a veteran of insurance

28 April 2017 Media Release

Good Money Store in Cairns Provides Support For People On Low Incomes

More than 110,000 people in Far North Queensland could be eligible to borrow money for essential goods and services and pay no or low interest through the region’s first Good Money community finance store.

Good Money opens today on Mulgrave Road at Bungalow and provides access to the No Interest Loan Scheme (NILS) and the StepUP low interest loan, helping people on low incomes by offering a better alternative to the high fees that come with cash loans and expensive consumer lease contracts.

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Good Shepherd Microfinance acknowledges Aboriginal and Torres Strait Islander people as the traditional owners of the lands on which we operate and work, and pays respects to their history, their living culture and to Elders past and present.